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4-Traders Homepage  >  Equities  >  Nyse  >  Shopify Inc (US)    SHOP   CA82509L1076

SHOPIFY INC (US) (SHOP)
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Glancy Prongay & Murray LLP : Commences Investigation on Behalf of Shopify Inc. Investors (SHOP)

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10/05/2017 | 02:05am CEST

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Shopify page on our website at www.glancylaw.com.

On October 4, 2017, Citron Research published a report portraying Shopify as "a completely illegal get-rich quick scheme." The report alleged, among other things, that Shopify inaccurately described the Company's relationship with certain affiliates, stating, in part: "Shopify calls these affiliates 'partners.' We call them promoters selling business opportunities." The Citron report compared Shopify's business practices to those of Herbalife Ltd. ("Herbalife"), a company that recently paid $200 million and agreed to an order "prohibit[ing] Herbalife from misrepresenting distributors' potential or likely earnings" to settle Federal Trade Commission charges.

On this news, Shopify's stock dropped $13.91, or 11.91%, to close at $102.90 on October 4, 2017, thereby damaging investors.

If you purchased Shopify securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2017
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Financials ($)
Sales 2018 1 018 M
EBIT 2018 6,34 M
Net income 2018 -89,1 M
Finance 2018 1 375 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 16,5x
EV / Sales 2019 11,9x
Capitalization 18 142 M
Chart SHOPIFY INC (US)
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Shopify Inc (US) Technical Analysis Chart | SHOP | CA82509L1076 | 4-Traders
Technical analysis trends SHOPIFY INC (US)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 149 $
Spread / Average Target -13%
EPS Revisions
Managers
NameTitle
Tobias Albin Lütke Chairman & Chief Executive Officer
Harley Finkelstein Chief Operating Officer
Amy E. Shapero Chief Financial Officer
Jeremy Seth Levine Independent Director
Steven A. Collins Independent Director
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